Brief: TagMaster Q3 Adjusted EBITDA Up At SEK 8.5 Million

TagMaster AB

24/10/2019 07:54

Oct 24 (Reuters) - TagMaster AB  TAGMb.ST :
    * INTERIM REPORT JANUARY TO SEPTEMBER 2019
    * Q3 NET SALES INCREASED DURING Q3 BY 88,1% TO 82,4 MSEK
(43,8)
    * Q3 ADJUSTED EBITDA AMOUNTED TO 8,5 MSEK (3,2),
CORRESPONDING TO
A MARGIN OF 10,4% (7,3)
    * Q3 NET RESULT AFTER TAX WAS -13,0 MSEK (0,1) WHEREOF
AMORTIZATIONS OF GOODWILL IN ACCORDANCE WITH STANDARD ACCOUNTING
PRINCIPLES (K3) APPLIED BY TAGMASTER AMOUNTED TO -9,6 MSEK
    * WE HAVE DURING PERIOD STREAMLINED STRUCTURE OF GROUP AND
OUR
BUSINESSES IN GREAT BRITAIN, FRANCE AND SWEDEN WILL FROM NOW ON
ACT UNDER NAME OF TAGMASTER UK, TAGMASTER FRANCE AND TAGMASTER
NORDIC
    * OUR BRITISH BUSINESS - TAGMASTER UK - HAS DEVELOPED WELL
IN
GROSS MARGIN AS WELL AS IN RESULT DURING PERIOD AND SHOW
INCREASING PROFITS
    * OUR FRENCH BUSINESS - TAGMASTER FRANCE - HAS HAD A
SOMEWHAT
WEAKER QUARTER WITH LOWER SALES AND SOMEWHAT LOWER GROSS MARGIN
BUT WITH CONTINUED PROFITS
    * INTEGRATION OF ALL PARTS OF OUR FRENCH BUSINESS CONTINUES
    * WE EXPECT TO BE READY WITH INTEGRATION OF OUR FRENCH
BUSINESS
DURING Q1 2020
    * OUR SWEDISH BUSINESS - TAGMASTER NORDIC - HAS HAD A GOOD
QUARTER, BOTH VOLUME AND GROSS MARGIN

Source text for Eikon:  ID:nWkrbgbNYd 
Further company coverage:  TAGMb.ST 

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